Permanent Secretary in the Ministry of Finance George Guvamatanga said that the US$10 payment to Eskom normally takes 7 days to be processed and therefore, Energy and Power Development Minister, Fortune Chasi did not lie.
Guvamatanga, his boss at the Treasury Mthuli Ncube, and Reserve Bank of Zimbabwe Governor John Mangudya were appearing before the Parliamentary Portfolio Committee on Finance on Monday.
This follows a statement released by South Africa’s power utility Eskom last Friday, that it had not received a US$10 million payment from Zimbabwe.
Watch Guvamatanga speaking:
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George Guvamatanga is a senior civil servant and the current Permanent Secretary In the Ministry of Finance and Economic Development in Zimbabwe. He is the former Managing Director of Barclays Zimbabwe. He was also the president of the Bankers Association of Zimbabwe (BAZ). Read More About George Guvamatanga